Aluminum demand steady as LME prices fall

Aluminum buyers continue to trickle back into the market to take advantage of lower prices, traders told AMM, but consumers are still wary of buying long term.

On Wednesday, three-month aluminum settled at its lowest level in almost two weeks, closing down slightly over the day to $1,984.50 a tonne. Intraday dips in prices have provided some hesitant buyers the encouragement they need to return to the market to buy.